AI Startup Sarvam Raises $41 Million to Tap India Growth (1)

A generative artificial intelligence startup targeting the Indian market raised $41 million in fresh funding, the largest such round by an early-stage AI contender in the country.

Sarvam AI is building large language models targeted at unique uses in Indian languages, aimed at making apps available at price points that the country’s 1.4 billion people can afford. The Series A funding round was led by Lightspeed Venture Partners, and participants included Silicon Valley billionaire Vinod Khosla’s Khosla Ventures and Peak XV Partners, formerly Sequoia Capital India & Southeast Asia, Sarvam said Thursday.

Vivek Raghavan

Source: Sarvam AI

The Bangalore-based startup, until ...